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Support for Small Businesses: More Government Contract Opportunities

This act aims to make it easier for small businesses to secure government contracts for goods and services. If the government needs something above a certain value and two or more small businesses can provide it at a fair price, the contract must be reserved for them. This means more business opportunities and stability for local enterprises, potentially leading to new jobs and economic growth in your community.
Key points
Increased opportunities for small businesses to win government contracts, supporting the local economy.
The government will prioritize small businesses for certain procurements if they meet specific conditions.
The rules ensure fair competition and pricing while promoting the growth of small enterprises.
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Status: Introduced
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Additional Information
Print number: 119_HR_2804
Sponsor: Rep. Velázquez, Nydia M. [D-NY-7]
Process start date: 2025-04-09